Administrator

Luxembourg - 11 December 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract from Aker BP on behalf of the Skarv Unit for the Ærfugl(2) gas field development, located approximately 210 km west of Sandnessjøen in the Norwegian Sea. The contract includes an option for the Ærfugl Phase 2 scope, which may be exercised by Aker BP in the future.

This EPCI contract is a long-distance tie-back involving the application of Subsea 7's Electrically Heat Traced Flowline (EHTF) technology for the 21 km tie-back to the Skarv FPSO. Project management and engineering will commence immediately at Subsea 7's offices in Stavanger, Norway. Fabrication of the EHTF system will take place at Subsea 7's spoolbase at Vigra, Norway and offshore operations will take place in 2019 and 2020.

Phil Simons, Vice President North Sea and Canada in Subsea 7 said, "This is a considerable EPCI contract which is of significant importance for Subsea 7. Electrically Heat Traced Flowline has been developed by Subsea 7 in collaboration with the manufacturer to deliver leading flowline insulation performance and enable cost-effective long-distance tie-backs. This award acknowledges Subsea 7 as a partner for delivering pioneering technology, and highlights our proven track record for safely delivering successful operations in some of the harshest offshore environments. Subsea 7 looks forward to successfully delivering our workscope on Ærfugl, with safety and quality at the forefront throughout."

(1)Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.
(2)Ærfugl was previously known as Snadd

Administrator

Luxembourg - 21 December 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract by Statoil for the Snorre Expansion Project, located in the Tampen area, 150 km west of Florø in Norway.

The EPCI (engineering, procurement, construction and installation) contract includes Subsea 7's cost-effective Pipeline Bundle technology, which contains all flowlines and control umbilicals necessary for operation. The project features three Pipeline Bundles: West, East and North.

Production of the Pipeline Bundle system will take place at Subsea 7's fabrication facilities at Wick, Scotland. Project management and engineering will commence immediately at Subsea 7's offices in Stavanger, Norway and Aberdeen, Scotland. Offshore operations will take place in 2019 and 2020.

Phil Simons, Subsea 7's Vice President North Sea and Canada, said, "Subsea 7 looks forward to working closely with Statoil to safely and successfully deliver our workscope on the Snorre project. This award demonstrates the versatility and economic benefit Subsea 7 can offer through its unique Pipeline Bundle technology, where all service lines are integrated in a single product and installed using our Controlled Depth Tow Method. It also recognises our proven track record, with more than 80 Bundles installed in the North Sea."

(1)Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.